Converge Technology Solutions UK has split from its Canadian parent company following its acquisition by HIG.
The Staffordshire-based PC builder, reseller and ITAD – which was until January 2025 known as Stone – has been acquired by Inspirit Capital in a carve-out deal.
In a statement, MD Tim Westbrook said the move will give it “focus, agility, and the backing to invest further in our capabilities”.
The deal ends a three-and-a-half-year spell of overseas ownership for Converge Technology Solutions UK, echoing Viadex’s recent split from Canadian parent Fulcrum.
Toronto-headquartered Converge Technology Solutions Corp acquired Stone in 2022 for around £39m as part of an international expansion drive.
But circumstances changed after HIG last April swooped in to acquire the group and immediately announced it would merge it with US VAR business Mainline and rebrand it as ‘Pellera’.
“It gives us focus”
Ranking 28th in Oxygen 250 2026, Converge Technology Solutions UK turned over £147.8m in calendar 2024.
It told us it will retain the ‘Converge’ branding (it owns the IP for ‘Converge UK’ and ‘Converge Technology Solutions UK’.
Founded in 1991, today the public sector-leaning outfit bills itself as a provider of “sustainable IT infrastructure, services, and lifecycle solutions”.
New owner Inspirit says it targets non‑core assets where independent ownership “enables greater strategic focus and operational flexibility”.
“Converge UK is a high‑quality, well‑established business with a differentiated proposition centred on sustainable, end‑to‑end IT lifecycle services,” Ed Beazley, Investment Manager at Inspirit Capital, stated.
“This transaction gives Converge UK focus, agility, and the backing to invest further in our capabilities while maintaining continuity for customers, partners, and vendors,” Westbrook added.
“With Inspirit Capital’s support, we are well positioned to accelerate our strategy, expand our market presence, and continue delivering the high standards of service our customers expect.”
